A new class of meme stocks has sprung up during the stock market’s surprise recent rally, raising concerns about investors’ willingness to take on bigger risks amid a still uncertain economy.

Bed Bath & Beyond — one of the original big box retailers known for its seemingly endless offerings of sheets, towels and kitchen gadgets — filed for bankruptcy protection, following years of dismal sales and losses and numerous failed turnaround plans.

Bed Bath & Beyond says it’s in default on its loans and doesn’t have sufficient funds to repay what it owes.

Bed Bath & Beyond’s fiscal third-quarter sales fell by a third as the home goods company struggles to strike the right balance with its shoppers, a sign of its worsening outlook.

Beleaguered Bed Bath & Beyond is warning it may need to file for bankruptcy as struggles to attract shoppers.

Bed Bath & Beyond has named Chief Accounting Officer Laura Crossen as interim chief financial officer to replace Gustavo Arnal, whose death late last week adds to a cloud of financial uncertainty for the company and further complicates its plans for a turnaround.

The chief financial officer of retail chain Bed Bath & Beyond has died.

Bed, Bath & Beyond is laying off 20% of its staffers.

Bed Bath & Beyond says that it will shutter stores and lay off workers in a bid to turn around its beleaguered business.

The newest meme stock on Wall Street, Bed Bath & Beyond, has tumbled even further in after-hours trading after a high-profile activist investor confirmed that he’s bailed out of the stock.

Now comes the downside of the meme-stock craze for investors in Bed Bath & Beyond.

Inventory difficulties hurt Bed Bath & Beyond during its fiscal fourth quarter and will continue into the current quarter, the home products retailer said Wednesday.

Around the country, people who work for Bed Bath & Beyond will lose their jobs by the end of the year. Sixty-three stores, including one in Casselberry, are set to close as part of restructuring because of COVID-19. In July, the company said it would be closing about 200 stores over two years. According to CNN, this is the list of 63 store locations that will close by the end of the year. Everett Mall Way, in EverettWisconsin:605 Main Street, in BrookfieldWest Virginia:172 Retail Commons Parkway, in Martinsburg

The economic downturn caused by the coronavirus pandemic is forcing Bed, Bath & Beyond to permanently close 200 stores. The closings, which will take place over the next two years, amount to about 20% of its namesake stores. Wall Street analysts had warned that Bed, Bath & Beyond was in trouble before COVID-19 hit the U.S. Bed, Bath & Beyond CEO Mark Tritton says the retailer will emerge from this crisis even stronger, given the strength of the brand. To keep up with the latest news on the pandemic, subscribe to News 6s coronavirus newsletter and go to ClickOrlando.com/coronavirus.

________________________RETAIL: Bed Bath & Beyond plans to close about 200 stores over the next two years as its sales slid in the first quarter. The Buckle is seeing improving sales as more of its stores reopen. The sporting goods retailer's same-store sales dropped 28.2% in the first half of the second quarter with stores shuttered, according to preliminary data. However, the metric climbed 15.5% in the second half of the quarter as stores began reopening. Greek authorities say they are ready to reimpose public and travel restrictions next week, warning that safety guidance for COVID-19 is being frequently ignored.

This artist rendering released by Live Nation shows the set up for Live Nation's Live from the Drive-In, concert series taking place July 10-12. The Fed is using its tools to help, but most of the cash is being raised in the private sector. — American Airlines will try to raise $3.5 billion to offset the cash it’s burning through with airports still largely empty. — TripAdvisor said Monday that it had $693 million of cash and cash equivalents at the end of last month, down $105 million from the end of March. — Morocco will reopen cafés, restaurants, sports clubs, and beaches starting Wednesday and allow the resumption of domestic air travel and travel between cities.